Economic Resource Center for Migrants and Overseas Employees
Economic Resource Center for Migrants and Overseas Employees
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ERCMOVE and the Millennium Development Goals
In 2000 the United Nations launched the 8 millennium development goals (MDGs) to diminish poverty and the problems of illiteracy, hunger, discrimination against women, unsafe drinking water, and a degraded environment. Of these eight MDGs, ERCMOVE focuses on three: eradicating extreme poverty and hunger, promoting gender equality and empower women and developing a global partnership for development. ERCMOVE aims to address these MDGs by raising microfinance awareness for migrant and overseas employees in the Netherlands and in their countries of origin.
For more information on MDGs visit http://www.un.org/millenniumgoals/
 
International Year of Microcredit 2005

Microcredit is not charity […] It is recognition that poor people are the solution.

- Kofi Annan
Former UN Secretary General

Poor people never ran short of good ideas, but what they often lack is the means to transform their dreams into reality. For small businesses and poor households, access to credit and secure savings is essential. Microfinance services allow poor people to protect themselves against risks, enabling them to cover unforeseen expenses arising from serious illness or loss of assets. Access to financial services is, therefore, a decisive factor in moving from the struggle for survival towards improved living conditions. However, in developing countries, 90 percent of the population remains excluded from financial services such as credit and savings.

In order to accelerate achieving the MDGs, the UN has declared 2005 as the international year of Microcredit. The UN defines Microcredit as “a small amount of money loaned to a client by a bank or other institution.” For more information on the International Year of Microcredit, visit http://www.yearofmicrocredit.org

In line with the UN’s International Year of Microcredit, ERCMOVE embarks on a comprehensive migrants microsavings in host countries to be used for microinvestments in their countries of origin. Microcredit is one of the avenues through which microinvestments are put into good use at the community level, thereby promoting local socioeconomic development. ERCMOVE and its activities are further guided by the key objectives of the International Year of Microcredit:

  1. Assess and promote the contribution of microfinance and microcredit to the MDGs;
  2. Increase public awareness and understanding of microfinance and microcredit as vital parts of the development equation;
  3. Promote inclusive financial sectors;
  4. Support sustainable access to financial services; and
  5. Encourage innovation and new partnerships by promoting and supporting strategic partnerships to build and expand the reach and success of microcredit and microfinance.